Aave community proposes suspending Fantom-based integration
The past month has seen a series of hacks in the crypto sector.
Keep up with what's happening in the crypto world in real-time.
The past month has seen a series of hacks in the crypto sector.
The current price of digital assets represents a great entry point for new investors, and existing investors should be leveraging current prices to bring down their average buy cost. With a change in market sentiment brewing, investors who want to profit in the next bull cycle should start buying now.
An Aave governance proposal suggests removing Fantom integration amid so many recent DeFi bridge hacks. Is the multi-chain narrative sinking fast?
Regardless of prevailing market conditions, DeFi (decentralised finance) continues to swell with more projects being released every day, and the current projects adding new utility. DeFi currently represents a haven for investors; with the current price of crypt assets, not only are they generating yields, but those yields will soar in value in the coming months.
Altcoins could be seen countering each other's drawdowns and rallies today, with the downtrend dominating the crypto market.
Fantom (FTM) Price Prediction – August 4There have been concurrent trading operations that suggest the Fantom market is in range spots against the US fiat
Fantom (FTM) Price Prediction – August 4There have been concurrent trading operations that suggest the Fantom market is in an equilibrium phase against the US
The crypto crash over the past few months has put investors on the back foot as they see prices plummeting across the market.
As demand for digital assets grows, so does enthusiasm for new projects. This is undoubtedly the case with Ethereum (ETH) and Fantom (FTM), which have seen their prices surge in recent weeks.
The Fantom market on Aave V3 adds just $30 each day to the DeFi protocol's treasury; developers are also concerned that the integration creates security risks.
There are two immutable truths in the world of crypto: there will always be a bear market, and even while the charts are bloody, investors have their eyes peeled for the next coin that can give them a 10x gain or more.
Whales are not gods or men with infinite IQ; they were once regular investors who, at some point or the other, found themselves well positioned to profit from some of their financial moves. For example, a person who bought Ethereum when it was at $300 would have seen substantial gains when the token surged past the $4000 mark.
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Fantom (FTM) possesses one of the most dynamic and vibrant DeFi (decentralised finance) ecosystems within the entire crypto space. The developers of Fantom launched their incentive programme, which directly rewarded developers who built DApps (decentralised applications) on the network that met certain liquidity thresholds.
The current state of the crypto market has dealt severely with the price of many tokens and dampened the morale of investors so that the general sentiment has become one of extreme caution. Nevertheless, true traders and investors know that the fortune that comes during the bull market is usually a result of actions taken in the bear cycle.
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Picking up a cryptocurrency while it's still in pre-sale can be a massive deal. You get the chance to invest in a project while it's still in very early stages, hopefully before it goes on to stratospheric gains.
If investor interest in everything DeFi returns, then Fantom could be one of the biggest beneficiaries.
Bitcoin has broken out above the 200-day moving average on the weekly chart ($22,700) and currently trades in a band between $23,000- $24,000. If Bitcoin can remain above this crucial level of resistance and survive the short-term selling pressure, the final weeks of July could be a magnificent time to be an altcoin investor.
A governance vote saw an overwhelming number of community members in favor of using one-third of Fantom's burn fees to fund new projects.
The Fantom (FTM) community has voted to use a third of the burn fees on transactions to fund ecosystem projects instead. The post Fantom community decides to use burn fee to fund ecosystem projects appeared first on The Block.
The sell-off and market uncertainty have been at odds with one another for the past two months in the cryptocurrency market. The Fantom price has lately sliced through another resistance around the $0.3 mark, presenting a fresh entry opportunity.
The Fantom (FTM) coin lost some of its traction while falling to the $0.2916 level, unable to continue its upward rally.
The market is full of new crypto initiatives. With so many options available to invest in, traders are confused which of the new project to choose.